Terex Co. (NYSE:TEX) Receives $58.78 Average PT from Analysts

Shares of Terex Co. (NYSE:TEX) have been assigned an average rating of “Hold” from the ten brokerages that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $58.78.

A number of research firms have issued reports on TEX. The Goldman Sachs Group decreased their target price on Terex from $72.00 to $62.00 and set a “neutral” rating on the stock in a research report on Friday, September 20th. Truist Financial decreased their price target on shares of Terex from $65.00 to $58.00 and set a “buy” rating on the stock in a report on Thursday, December 19th. Citigroup dropped their price objective on shares of Terex from $60.00 to $57.00 and set a “neutral” rating for the company in a research note on Monday, September 23rd. JPMorgan Chase & Co. decreased their target price on shares of Terex from $65.00 to $62.00 and set a “neutral” rating on the stock in a research note on Monday, October 14th. Finally, Robert W. Baird dropped their price target on Terex from $65.00 to $55.00 and set a “neutral” rating for the company in a research note on Thursday, October 31st.

Terex Stock Performance

Shares of Terex stock opened at $45.69 on Wednesday. The company has a current ratio of 2.39, a quick ratio of 1.16 and a debt-to-equity ratio of 0.32. The company has a market cap of $3.05 billion, a PE ratio of 6.67, a price-to-earnings-growth ratio of 4.00 and a beta of 1.55. The company has a 50 day moving average of $50.67 and a 200-day moving average of $53.38. Terex has a 1-year low of $44.04 and a 1-year high of $68.08.

Terex (NYSE:TEX) last released its earnings results on Wednesday, October 30th. The industrial products company reported $1.46 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.15. Terex had a return on equity of 24.92% and a net margin of 9.08%. The firm had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.16 billion. During the same period in the prior year, the company earned $1.75 earnings per share. The company’s quarterly revenue was down 6.0% on a year-over-year basis. As a group, equities research analysts forecast that Terex will post 6.07 earnings per share for the current fiscal year.

Terex Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Friday, November 8th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date of this dividend was Friday, November 8th. Terex’s dividend payout ratio is currently 9.93%.

Insider Activity at Terex

In other Terex news, Director David A. Sachs acquired 20,000 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were bought at an average cost of $49.75 per share, with a total value of $995,000.00. Following the purchase, the director now directly owns 137,500 shares of the company’s stock, valued at $6,840,625. This trade represents a 17.02 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Simon Meester sold 9,877 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $51.14, for a total value of $505,109.78. Following the sale, the chief executive officer now directly owns 127,858 shares of the company’s stock, valued at $6,538,658.12. This represents a 7.17 % decrease in their position. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Terex

A number of institutional investors and hedge funds have recently modified their holdings of TEX. Nordea Investment Management AB boosted its stake in Terex by 3.5% during the fourth quarter. Nordea Investment Management AB now owns 107,029 shares of the industrial products company’s stock worth $4,888,000 after acquiring an additional 3,608 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of Terex by 1.0% during the 3rd quarter. Franklin Resources Inc. now owns 81,450 shares of the industrial products company’s stock worth $4,512,000 after purchasing an additional 795 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Terex in the 3rd quarter valued at about $40,000. Sanctuary Advisors LLC increased its position in Terex by 7.2% in the 3rd quarter. Sanctuary Advisors LLC now owns 10,610 shares of the industrial products company’s stock valued at $571,000 after buying an additional 717 shares in the last quarter. Finally, Virtu Financial LLC acquired a new position in Terex during the 3rd quarter worth approximately $704,000. 92.88% of the stock is currently owned by institutional investors.

Terex Company Profile

Terex Corporation manufactures and sells aerial work platforms and materials processing machinery worldwide. It operates in two segments, Materials Processing (MP) and Aerial Work Platforms (AWP). The MP segment designs, manufactures, services, and markets materials processing and specialty equipment, includes crushers, washing systems, screens, trommels, apron feeders, material handlers, pick and carry cranes, rough terrain cranes, tower cranes, wood processing, biomass and recycling equipment, concrete mixer trucks and concrete pavers, conveyors, and related components and replacement parts under the Terex, Powerscreen, Fuchs, EvoQuip, Canica, Cedarapids, CBI, Simplicity, Franna, Terex Ecotec, Finlay, ProAll, ZenRobotics, Terex Washing Systems, Terex MPS, Terex Jaques, Terex Advance, ProStack, Terex Bid-Well, MDS, and Terex Recycling Systems brands.